Going below 485 will invalidate Elliot theory

来源: 于 2024-09-26 20:06:30 [旧帖] [给我悄悄话] 本文已被阅读：次

Elliot theory says on a 12345 wave uptrend, wave 2 pull back can not go lower than the high of wave 1 (which is 485). If you look at QQQ today, it bounce at exactly 485 after initial sell-off. 

Anyway, if QQQ "closes" below 485, I will need to spend more time to study this. it basically says we are not in wave 12345 yet, and could have deeper pullback.